CDFI Fund: AmeriCorps and CDFI Fund Launch Economic Mobility Corps
More than $2.5 million invested to place 156 AmeriCorps members for two years in Community Development Financial Institutions AmeriCorps and the U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) today announced three Community Development Financial Institutions (CDFIs) were awarded more than $2.5 million through the inaugural round of the AmeriCorps CDFI Economic Mobility Corps (EMC)…
Census Bureau: Latest Data Released on Community Resilience to Disasters
The U.S. Census Bureau today released the 2019 Community Resilience Estimates to measure the ability of a population to withstand adversity from the impacts of disasters, including weather- and disease-related events such as pandemics, forest fires and floods. Later this month, the new data will also be available through a tool that shows risk level by state, county and…
CFPB: Report Finds Mortgage Servicers’ Pandemic Response Varies Significantly
Supervisory data show some servicers struggled to assist borrowers The Consumer Financial Protection Bureau (CFPB) today published a report detailing 16 large mortgage servicers’ COVID-19 pandemic response. The report’s data metrics include call handling and loan delinquency rates, and they highlight the industry’s widely varied response to the pandemic. For example, many servicers managed to…
HUD: $30 Million Awarded to Help Low-Income Elderly Homeowners Age in Place
The U.S. Department of Housing and Urban Development (HUD) today awarded $30 million to 32 nonprofit organizations, state and local governments, and public housing authorities to assist in undertaking comprehensive programs that make safety and functional home modifications and limited repairs to meet the needs of low-income elderly homeowners that allow them to age in…
EDA: $2.5 Million in CARES Act Recovery Assistance Invested to Support Business Development and Training at Stephen F. Austin State University in Texas
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.5 million CARES Act Recovery Assistance grant to Stephen F. Austin State University, Nacogdoches, Texas, to support the Center for Applied Research and Rural Innovation and promote business development and workforce training efforts. This EDA grant,…
EDA: $2.4 Million in CARES Act Recovery Assistance Invested to Support Tourism Recovery in Maine
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million CARES Act Recovery Assistance grant to the Maine Department of Economic and Community Development, Augusta, Maine, to boost the state’s tourism industry through promotion and marketing. This EDA grant, to be matched with $600,000…
EDA: $2 Million in CARES Act Recovery Assistance Invested to Support Healthcare and Workforce Training at Cossatot Community College in Arkansas
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to Cossatot Community College of the University of Arkansas, De Queen, Arkansas, to support a Medical Mobile Unit and create a healthcare simulation lab and telemedicine space at all…
EDA: $2 Million in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund to Serve Small Businesses in Aurora, IL
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to Invest Aurora, Aurora, Illinois, to capitalize and administer a Revolving Loan Fund, providing gap financing to small local businesses. This EDA grant, to be matched with $500,000 in…
EDA: $2 Million in CARES Act Recovery Assistance Invested to Support Transportation, Business Development and Tourism in Taos, NM
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to the town of Taos, New Mexico, to build critical infrastructure to support the Taos Regional Airport and an adjacent business park. This EDA grant, to be matched with…
EDA: $713,300 Invested to Support Manufacturing and Business Expansion Efforts in Caldwell, TX
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $713,300 grant to the city of Caldwell, Texas, to make critical infrastructure improvements needed to support the growth of manufacturing in the region. This EDA grant, to be matched with $287,860 in local investment, is expected to create 23 jobs, retain 201…